thank you for joining us. first of all do you think this pace of economic growth as well as this optimism in financial markets will continue? >> yes. we are talking about those economic data released recently in china, the pmi and export/import data were better than expected but the shanghai composite index has risen 24% from a three year low in december from last year. so anything negative news, no matter from a company or in the economic perspectives can pull back the stock market a little bit because now the shanghai composite index has a price earning ratio is trading at 13.4 times which is low but the highest in 1 1/2 years. so i guess a little pull back is needed in the next week or two. >> china has many issues at this point that could be a drag on growth, rising labor costs, asian population, geopolitical risks. how will the incoming administration when it takes office in march tackle these problems and would it be able to avoid not disappointing investors? >> well, i think chinese government will con